Condo Inventory Shortage In West Hollywood

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Prices are stable but inventory is dwindling.  Many West Hollywood buyers are finding themselves in multiple offer on properties that are priced well.  Unfortunately, this means many buyers are losing out.  As we see ourselves at what seems to be "bouncing along the bottom of the market," now may just be the right time to jump in and buy.  According, to local MLS statistics, condos are selling at 94% of list price as of June 2012.  Prices are incredibly affordable with two bedrooms as low as $399k.  View Available 2 Bedrooms Here

Lending is getting easier, with good credit and a down payment of course, and this is bringing more buyers out into the market.  With rates as low as they are, it is the perfect recipe for a deal.  The rental market is increasing, which will soon cause people to rethink renting, if they can own for close to the same price.  Its been a while since this was an option for renters.

If the inventory remains low, then prices are bound to see an increase.

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